A lead analyst at AMR highlighted that the plus size clothing market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.
Download Sample Report: https://www.linkedin.com/feed/update/urn:li:activity:6962707822497157120
Allied Market Research published a research report on the plus size clothing market. The findings of the report states that the global market for plus size clothing generated $480,991.8 million in 2019, and is projected to reach $696,712.1 million by 2027, registering a CAGR of 5.9% from 2021 to 2027. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
Get a PDF Sample: https://www.facebook.com/alliedmarketresearch/posts/pfbid0zKgGk9xSZqsEcvuNMmgAv5Mz28X2qPXJoSmQ1CToWYyNvAjn8cDbEQs1rrYjr255l
The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Easy availability of fashionable and modern garments in larger sizes, surge in overweight and obese population, and rise in confidence among plus size women are expected to drive the growth of the global plus size clothing market. On the other hand, complexities in manufacturing plus size clothes is expected to hinder the growth to some extent. However, growing popularity of body positivity among people and growth of the online retail channels are expected to create ample opportunities for the industry.
“Dynamic rise in obese population in recent past is one of the main factors that propels the market demand for plus size clothing. Furthermore, rise in consume sending for premium and high-quality fashionable garments has led to increase in the premium category. Growth in large middle-class population spending on high calorie foods, especially in developing economies is expected to increase obesity rates, hence generates plus size clothing market opportunities,” says Shankar Bhandalkar, Team Lead, and Consumer Goods at Allied Market Research.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the plus size clothing market globally. The outbreak of COVID-19 has had a negative impact on the growth of the global plus size clothing market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of manufacturing facilities of non-essential items, including those of plus size clothing, negatively impacting its demand during the pandemic. This was majorly due to the stringent restrictions imposed by the government, in order to curb the spread of the virus during the pandemic. In addition, strict import and export regulations and decrease in consumer spending on non-essential items further aggravated the impact on the market. However, the market is expected to recoup soon.
The report offers a detailed segmentation on the global plus size clothing market based on type, gender, age group, price point and region.
Based on type, the casual wear segment held the largest market share in 2019, garnering nearly one-third of the global market. The sportswear segment, on the other hand, is predicted to cite the fastest CAGR of 6.4% during the forecast period.
Based on gender, the male segment held the majority market share in 2019, holding around of the global market. The female segment, on the other hand, is predicted to cite the fastest CAGR of 7.50% during the forecast period.
Based on region, the market across North America held the lion’s share in 2019, garnering more than one-third of the global market. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 6.50% during the forecast period.
The key players analzyed in the global plus size clothing market report include (H&M) Hennes & Mauritz AB, Ralph Lauren Corporation, Adidas AG (Adidas), PUMA SE, Nike, Inc. (Nike), ASOS plc, Capri Holdings Limited (Michael Kors), WHP Global (Anne Klein), Punto Fa SL (MANGO Inc.), and Under Armour, Inc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060|Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com.
Follow us on LinkedIn , Twitter, Facebook, Pinterest, YouTube & Instagram.